NDF - Financing for climate change and development projects

IDB President Moreno visits Finland and NDF


The Inter-American Development Bank, the Ministry for Foreign Affairs of Finland and NDF together organised a workshop on climate change and cities

A delegation from Inter-American Development Bank (IDB), headed by President Luis Alberto Moreno, visited Finland on 11 May. During their visit they participated in a workshop on Climate Change and Cities. The workshop was organized in collaboration with IDB, the Ministry for Foreign Affairs of Finland and NDF.
Mr. Jorma Julin, Director General, Department for Development Policy, Ministry for Foreign Affairs, Finland held the opening remarks. IDB President Luis Alberto Moreno followed with a presentation and an overview of the economic evolution of Latin-America and the Caribbean region during the past two decades. Mr. Walther Vergara, Climate Change Division Chief in IDB, presented a number of new climate change initiatives underway in Latin America with financing from IDB. The regional project Emerging and Sustainable Cities Initiative was presented by the IDB Coordinator Mr. Juan Ellis, who provided both background information and an update on this project which is co-financed by NDF. In regards to the Finnish experience and expertise on climate friendly urban development, Ms Saara Vauramo, from the City of Lahti presented the Lahti GreenCity Programme and Mr Pekka Huovila from VTT Technical Research Centre of Finland described VTT’s EcoCity Concept. Thereafter, Mr Pekka Utela from Vaisala Oyj presented Vaisala’s meteorological products which can help provided data on climate change. The workshop led to discussions as to how IDB and NDF can continue to collaborate in the area of climate change and development.

In the afternoon, workshop participants had the opportunity to visit the Kerava biomass power plant and waste sorting site and learn more about the city of Kerava’s biofuel-fired combined heat and power (CHP) plant. The CHP plant produces district heating and electricity Kerava in a cost-effective and environmentally friendly manner.

The event was attended by participants from IDB, the Finnish Ministry of Foreign Affairs, the Nordic Investment Bank (NIB), the Nordic Environment Finance Corporation (NEFCO), representatives from the private sector and NDF.

More information
Inter-American Development Bank
Climate Change and Sustainable Cities in Latin America